The FBBA is proud to be a leading voice in Tallahassee and Washington D.C., advocating for crypto (Bitcoin), Web3-friendly policies, and other emerging technologies. We work closely with state and federal stakeholders to develop forward-thinking policies that solidify Florida’s position as a global leader in Bitcoin and Web3 innovation. As we continue to grow, we are also preparing to expand our efforts into shaping policy around emergent technologies, including artificial intelligence, to keep Florida at the forefront of innovation.
Bitcoin policyCreated Florida’s Blockchain Task Force under the Office of Financial Services. 13 Members were appointed by Governor Desantis, The President of the Senate, the Speaker of the House, and the Chief Financial Officer.
SB 1024 passed both the House and Senate and was signed into law by the Governor. Went into effect upon being signed.
The Florida Blockchain Task Force met the following times: September 23, 2019, October 28, 2019, December 13, 2019, and February 21, 2020.
This Bill created the Florida Digital Service to deliver better government services through the implementation of transformative technologies like blockchain, artificial intelligence, and other high tech solutions. All Web3 projects run by the State of FL will be run through this agency.
Created the Financial Technology Sandbox, within OFR, to allow innovators to test new products and services using exceptions of specified general law and waivers of the corresponding rule requirements under defined conditions in the consumer finance, payment instruments sellers, and money transmitter programs.
This Bill loosens Florida’s position on licensing requirements for virtual currency activity by clarifying that a money transmitter license is only required for persons acting as intermediaries between two parties if the intermediary has the unilateral ability to execute or prevent a transaction.
The goal of this unit is to develop and coordinate regulatory policies that ensure stability, predictability, and security within Florida’s financial marketplace, particularly as it evolves in the digital age. By fostering a balanced regulatory environment, we aim to support innovation while protecting consumers and businesses alike.
Prohibits the use of a federally adopted central bank digital currency (CBDC) and protects the personal finances of Floridians from government overreach and woke corporate monitoring.
The FBBA successfully stopped a proposed BitLicense bill in Florida, modeled after New York’s restrictive framework, which would have required every company transacting in crypto to obtain an expensive and burdensome license. If implemented, this legislation would have stifled innovation and crushed Florida’s growing Web3 community. Thanks to the FBBA’s efforts, Florida remains a welcoming environment for blockchain innovation and entrepreneurship.
This bill creates industry driven regulation that protects consumers while also keeping Florida open to digital kiosk operators.
Establishes a pilot program for the Department of Financial Services to accept stablecoins for state tax payments and fees.
Establishes regulatory framework for payment stablecoins in Florida. Allows qualified stablecoin issuers to operate with state approval.